6th ICARE 2020
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/21993
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Item The Impact of Cash Conversion Cycle on the Profitability of Listed Hotel Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Udayakumara, P.D.A.A.; Munasinghe, M.A.T.K.Cash conversion cycle (CCC) has been considered a useful measure of firm's effective working capital management. The cash conversion cycle or operating cycle is the length of time between a firm's purchase of inventory and the receipt of cash from accounts receivable. Profitability is measured using Return on Assets and Return on Equity. There are scant research studies relating to hotel industry. The objective of the study is to investigate the impact of cash conversion cycle on the profitability of listed hotel companies in Sri Lanka and furthermore to explore the impact of COVID 19 on CCC of hotel companies. The sample consists of 38 hotel companies listed on Colombo stock exchange during the period of year 2015-2019. Accordingly, this study uses secondary quantitative data by using company websites and Colombo stock exchange. Qualitative data will be collected to explore the impact of Covid on selected hotels. This study will contribute to the body of knowledge by identifying how hotel companies manage their CCC with working capital to maximize their profitability and how COVID 19 influences on cash conversion cycle in hotel industry. Then, it will be useful to decision makers and policy makers to ensure effective working capital management. This study concentrates more on these WCM concepts in order to conduct profitability in a good manner.Item The Impact of CSR Activities on Bank Performance in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Sisara, G.A.S.; Munasinghe, M.A.T.K.Corporate Social Responsibility (CSR) is used as a strategy to improve organizational performance. Most of the banks conduct different CSR activities focusing on diverse stakeholder groups. This study investigates to reveal the impact of those CSR activities on bank performance. The problem of this study, existing studies provide evidence of the relationship between CSR activities and the financial performance of the banks. However, it is not known how particular category of CSR activities influence the organizational performance. Thus, this study tries to identify the relationship in terms of separate CSR activity categories and performance of the banks in Sri Lanka. The purpose of this study to identify the impact of each specific category of CSR activities on bank performance. Such knowledge will be helpful for banks in rethinking of their CSR strategy. The methodology that is used for analysis of the study, CSR activities are measured by using CSR score for separate categories of education oriented CSR activities, environment oriented CSR activities, employee oriented CSR activities, customer oriented CSR activities, health oriented CSR activities, and society oriented CSR activities. Control variables are firm size, number of employees, risk and Growth. The period is designed from 2012 to 2019 in eight years. The sample includes thirteen (13) licensed local commercial banks in Sri Lanka. The data collected by using annual reports and sustainability reports. The study will use the panel data regression model for the analysis. The finding of the research will be supported by the decision makers of banks in related with investment of CSR activities. Managers need to balance shareholders as well as society. Stakeholder’s trust is more important to create value for the entity. Based on the findings managers can decide investment of the CSR activities that have positive impact areas and reduce or avoid negative areas. So, the limited resources can be allocated efficiently and effectively. Correct decisions must important because CSR investment is high.Item Impact of Corporate Social Responsibility on Financial Performance of Banks in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Madushika, R.A.D.; Munasinghe, M.A.T.K.Corporate Social Responsibility has become an important area of attention for many organizations. This has led to the emergence of new dimension in financial reporting known as social responsibility reporting. It is not mandatory in Sri Lanka as in many other countries and CSR information is disclosed voluntarily. This study was carried out to identify the impact of CSR activities disclosure on financial performance in banks in Sri Lanka. Study concerned about eleven commercial banks and three specialized banks as the sample. The study was carried out using secondary data. Data were obtained by using annual reports, websites and news articles and journals of the selected banks over the last eight years from 2011. The financial performance of the banks was measure by using ROA & ROE. CSR disclosure was measured by using Global Reporting Initiatives Guidelines. Findings of this study can be important for Sri Lankan banks and to policymakers in understanding the current status of CSR disclosure and factors that affect their disclosure activities. Future studies might consider comparing banking sector CSR reporting of several countries, which might give insight into best practices in different economy.Item Impact of Firm Specific Factors on Financial Performance with Special Reference to Plantation Industry in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Karunathilaka, K.M.T.P.C.; Munasinghe, M.A.T.K.The impact of firm specific factors on financial performance has become an emerging topic since collapses of giant companies worldwide. This study is examining on how firm specific factors impact on firm performance by selecting companies in the plantation industry in Sri Lanka. Plantation industry provides a major contribution for the Gross Domestic Production in Sri Lanka and however, this sector has not been researched. The main purpose of this study is to investigate the effect of firm size on financial leverage of plantation industry in Sri Lanka. Total plantation companies in Sri Lanka were selected as the sample for the time period between 2011/2012 and 2018/2019. Regression analysis was used to identify the impact of firm specific factors on financial performance In this study use following variables as independent variables, firm size, CEO duality, board size and board composition. Financial leverage taken as control variable. Thus financial performance that measures using return on assets (ROA) and earning per share are the dependent variables. Findings of the study will be useful for these companies to improve the performance of the firm specific factors.Item Impact of Challenges in Fair Value Measurement in Biological Assets on Financial Information from auditors’ perception(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Jayawardana, W.M.S.S.; Munasinghe, M.A.T.K.Agriculture is the key contributor to the Gross Domestic Production in Sri Lanka. This study investigates the impact of challenges in fair value measurement in biological assets on financial information from auditors’ perceptions in Sri Lanka. Related prior studies have found mixed empirical evidence about the challenges in fair value measurement of biological assets. The findings of this study provide a better understanding of the challenges of measuring the fair value of biological assets and their impact on a company's financial information. Accordingly, the purpose of this study is to identify the effect of challenges in fair value measurement of biological assets on financial information. This study uses auditors’ perceptions to identify the challenges of fair value measurement of biological assets and those effects on financial information. A sample of 70 responses uses to achieve the research purpose. Descriptive and inferential statistics will be applied in data analysis. The findings of the study will provide useful insights for accounting regulators in assessing whether financial information will be affected by the challenges that arise when measuring fair value. Furthermore, the results will be of interest to accounting professionals, accounting developers, and investors.Item Impact of Challenges in Fair Value Measurement in Biological Assets on Financial Information from auditors’ perception(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Jayawardana, W.M.S.S.; Munasinghe, M.A.T.K.Agriculture is the key contributor to the Gross Domestic Production in Sri Lanka. This study investigates the impact of challenges in fair value measurement in biological assets on financial information from auditors’ perceptions in Sri Lanka. Related prior studies have found mixed empirical evidence about the challenges in fair value measurement of biological assets. The findings of this study provide a better understanding of the challenges of measuring the fair value of biological assets and their impact on a company's financial information. Accordingly, the purpose of this study is to identify the effect of challenges in fair value measurement of biological assets on financial information. This study uses auditors’ perceptions to identify the challenges of fair value measurement of biological assets and those effects on financial information. A sample of 70 responses uses to achieve the research purpose. Descriptive and inferential statistics will be applied in data analysis. The findings of the study will provide useful insights for accounting regulators in assessing whether financial information will be affected by the challenges that arise when measuring fair value. Furthermore, the results will be of interest to accounting professionals, accounting developers, and investors.Item Effect of CSR on Financial Performance of Public Listed Companies in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Jayalath, J.A.K.E.; Munasinghe, M.A.T.K.Corporate social responsibility (CSR) is an important concept in the business world and affects the Financial Performance of organizations. Therefore, this study aims to investigate the effects of CSR on the financial performance in selected public listed companies in Sri Lanka. Prior studies have found different types of relationships between corporate social responsibility and financial performance of firms ranging from positive to negative. The objective of this study is to identify the relationship between corporate social responsibility and financial performance for the period of 5 years from 2015 of selected 30 public listed companies of Sri Lanka. This study uses the secondary data and data were collected from annual reports of the selected public listed companies. Other sources are newsletters, news articles, journals and websites. The data were analyzed using regression analysis. This study use Return on Assets (ROA), Return on Equity (ROE), Net Profit (NP) and Earnings per Share (EPS) to measure financial performance of the firms. The sample comprises 30 firms from 3 industry groups listed on Colombo stock exchange which are consumer durables & apparel, Food, Beverage & tobacco & Consumer services. The results of this study provide useful insights for the firms to improve the knowledge and management practices. Findings of this study would encourage companies to sense in depth about CSR.Item The Impact of IFRS Adoption on Audit Fees; Evidence from Listed Manufacturing Firms in Sri Lanka(Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, 2020) Diwyanjalee, A.W.A.D.B.; Munasinghe, M.A.T.K.The aim of use of International Accounting Standards are to enhance Transparency, Consistency, Comparability of accounting information worldwide. This research was conducted to find out whether these standards adoption have an impact on the audit fee. This is because auditor’s responsibilities are increased in ensuring standards adoption. The sample of the study consists of all listed manufacturing firms in the Colombo Stock Exchange from 2010 to 2018. The variables used are operating expenses, total assets, audit fee (Before and After), listing status of firm, size of firm, return on asset of firm, and other details which related to audit fee determination. Data was analyzed using regression analysis and descriptive analysis. The findings of the study will provide useful insights to the companies adopting standards and the audit firms.